Fixed Assets

Fixed Assets

Fixed Assets Jonathan Poland

Fixed assets are long-term physical resources that are used in a business to produce goods or services. They are also known as tangible assets or property, plant, and equipment (PP&E). Fixed assets are typically expected to have a useful life of more than one year and are not intended for resale. Fixed assets are long-lived assets that cannot be easily converted into cash.

Examples of fixed assets include land, buildings, machinery, and vehicles. They are generally acquired for the purpose of producing goods or providing services to customers, and are not typically consumed or sold in the normal course of business.

Fixed assets are important for businesses because they can be used to generate revenue and profits over a long period of time. They are also a key source of collateral for borrowing and financing, and can be used as security for loans and other types of debt.

However, fixed assets also come with costs, including acquisition costs, maintenance costs, and depreciation expenses. It is important for businesses to carefully manage their fixed assets and to ensure that they are being used effectively and efficiently. This may involve tracking the condition and performance of fixed assets, conducting regular maintenance and repairs, and disposing of assets that are no longer useful.

Learn More
Qualitative Data Jonathan Poland

Qualitative Data

Qualitative data refers to information that is expressed in a language such as English and cannot be easily quantified or…

The World’s Biggest Customer 150 150 Jonathan Poland

The World’s Biggest Customer

the U.S. government is the world’s biggest customer, spending over $6 trillion annually on goods and services. Here are some…

Root Cause Analysis Jonathan Poland

Root Cause Analysis

Root cause analysis (RCA) is a method of identifying the underlying causes of a problem or issue in order to…

Media Analysis Jonathan Poland

Media Analysis

Media analysis is the study of the structure, content, and methods of communication in various forms of media. This involves…

Types of Fallacies Jonathan Poland

Types of Fallacies

A fallacy is an error in reasoning that can lead to an incorrect conclusion. Fallacies can be found in arguments,…

Management Decisions Jonathan Poland

Management Decisions

Management decisions are decisions that pertain to the direction and control of a company or organization. These decisions may cover…

What is Marketability? Jonathan Poland

What is Marketability?

The marketability of a brand, product, or service refers to its competitiveness within a market. It is the likelihood that…

Risks of Artificial Intelligence Jonathan Poland

Risks of Artificial Intelligence

Artificial intelligence (AI) has often been depicted in science fiction as a potential threat to human life or well-being. In…

What is Big Data? Jonathan Poland

What is Big Data?

Big data refers to extremely large and complex datasets that are difficult to process using traditional data processing tools. These…

Content Database

Search over 1,000 posts on topics across
business, finance, and capital markets.

Marketing Channel Jonathan Poland

Marketing Channel

The total combined industries of consumer goods and services.

Disruption Strategy Jonathan Poland

Disruption Strategy

A distribution strategy outlines how a company plans to make its products or services available to customers. This includes not…

Team Manager Jonathan Poland

Team Manager

A team manager is responsible for directing and controlling an organizational unit. This leadership role involves authority and accountability for…

Strategic Planning Jonathan Poland

Strategic Planning

The strategic planning process is a systematic way for an organization to set its goals and develop the actions and…

User Story Jonathan Poland

User Story

A user story is a concise description of a specific expectation or need that a user has for a product,…

Resource Efficiency Jonathan Poland

Resource Efficiency

Resource efficiency is the process of using resources in a way that maximizes their value and minimizes waste. This can…

Taxation Risk Jonathan Poland

Taxation Risk

Taxation risks refer to the potential for a business to face financial or reputational harm due to issues related to…

Strategy 101 Jonathan Poland

Strategy 101

Business strategy is the set of actions and decisions that a business takes in order to achieve its goals and…

Over Planning Jonathan Poland

Over Planning

Over planning refers to the practice of spending excessive amounts of time planning without implementing any of the plans. This…